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ceiling no debt ceiling is stupid because what the debt ceiling you have to go back to the history the debt ceiling the debt ceiling was put into place for world war one and the reason why i was put there was because congress was saying basically to the president we're going to fight a world war we've never done that before we have no idea what is going to cost so here's a relatively blank check a really high and absurdly high number that you can spend up to go for it and it is so from from the one thousand nine hundred spaces when the when the debts it was put into place until the late one nine hundred fifty s. the debt ceiling was always a way of giving the government more elbow room then the republicans got this idea hey we can flip this upside down from its original purpose and use it as a political weapon so now they're saying ok yes we voted for the war in iraq yes we voted for the bush tax cuts yes we voted for the war in afghanistan yes those three things constitute two. thirds of the total the national debt we voted for all that stuff but now we don't want to borrow money to p
ceiling no debt ceiling is stupid because what the debt ceiling you have to go back to the history the debt ceiling the debt ceiling was put into place for world war one and the reason why i was put there was because congress was saying basically to the president we're going to fight a world war we've never done that before we have no idea what is going to cost so here's a relatively blank check a really high and absurdly high number that you can spend up to go for it and it is so from from the...
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Oct 9, 2013
10/13
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WTTG
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hits the debt ceiling. we showed people the image and asked them for three words about the image. >> here grew. >> give me three words. >> do your job. >> lack of function. >> irritating, frustrating and blameless. >> painful. senseless. and selfish. >> what are your three words? >> i am optimistic. >> blame, responsibility and authority. >> freedom, ridiculous and help. >> can you reveal the -- reveal the image? >> sure. >> as you can see that image was indeed the white house. we can ale agree help is needed in the worst way. the shut down and furloughed workers is bad enough but if a debt ceiling agreement isn't reached we're looking at economic chaos scott. enough is enough. there's three words for you. new details about a story that made headlines nationwide. >> it turns out that 9-year-old who snuck on the airplane has an arrest record. >> plus the battle over the water front park in alexandria leaders have the solution to their problem. st we gotta go! yeah, oh. no, i gotta go. oh, can you make that t
hits the debt ceiling. we showed people the image and asked them for three words about the image. >> here grew. >> give me three words. >> do your job. >> lack of function. >> irritating, frustrating and blameless. >> painful. senseless. and selfish. >> what are your three words? >> i am optimistic. >> blame, responsibility and authority. >> freedom, ridiculous and help. >> can you reveal the -- reveal the image? >> sure....
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the debt ceiling was. as a way of giving the government more elbow room then the republicans got this idea hey we can flip this upside down from its original purpose and use it as a political weapon so now they're saying ok yes we voted for the war in iraq yes we voted for the bush tax cuts yes we voted for the war in afghanistan yes those three things constitute two thirds of the total debt national debt we voted for all that stuff but now we don't want to borrow money to pay for it and you know and even though they voted for it which is crazy now why haven't we passed a budget since two thousand and nine. well there was this brief window in two thousand and nine before scott brown was sworn into office where president obama had a filibuster proof majority in the senate plus a majority in the house plus he was the president so you could pass a budget ever since then we haven't passed a budget because there's been no agreement between the republicans and democrats about things like should we raise taxes yo
the debt ceiling was. as a way of giving the government more elbow room then the republicans got this idea hey we can flip this upside down from its original purpose and use it as a political weapon so now they're saying ok yes we voted for the war in iraq yes we voted for the bush tax cuts yes we voted for the war in afghanistan yes those three things constitute two thirds of the total debt national debt we voted for all that stuff but now we don't want to borrow money to pay for it and you...
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Jan 18, 2013
01/13
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FOXNEWSW
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we are talking about the debt ceiling. versus spending cuts. chief congressional correspondent mike emanuel reports on the house g.o.p. winter retreat in virginia. >> at the house g.o.p. retreat in williamsberg, virginia, the leaders decided they will pass three-month temporary increase to give them time to finalize a budget. speaker boehner said before there is long-term debt limit increase a budget should be passed that cut spending. the house g.o.p. whip hinted at the strategy. >> our hope is to pass something early so the senate can take action as well. i wouldn't be jeopardizingor economy there. it shows it's a rational, put us on a better path. and i would hi the american public could support it and the senate as well. >> fox news poll reveals 83% think government spending is out of control. up five points from two years ago. 69% of those surveyed say the debt limit should only be raised after major cuts. aides to the number two senate republicans does not support giving president obama a blank check but told "houston chronicle" editorial
we are talking about the debt ceiling. versus spending cuts. chief congressional correspondent mike emanuel reports on the house g.o.p. winter retreat in virginia. >> at the house g.o.p. retreat in williamsberg, virginia, the leaders decided they will pass three-month temporary increase to give them time to finalize a budget. speaker boehner said before there is long-term debt limit increase a budget should be passed that cut spending. the house g.o.p. whip hinted at the strategy....
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Jan 10, 2013
01/13
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seven debt ceiling raises. white was just sort of -- everyone understood it would get raised and it was a time to remind people how big the debt was and nobody really took it seriously, press release. it was useful for that. once people started taking it seriously and said we are going to think about not paying the debt it bill absurd and it is -- it is absurd and it needs to be -- needs to go away or congress just needs to understand that that's the only use of it. a coin isn't going to solve that problem. looking at a darn corners of the constitution will not solve that problem. >> what is -- you know, the problem -- that -- republicans seem to have is it the leadership sort of knows that they really shun be playing politics of the debt ceiling. but the rank and file, they don't want any part of that. they want to play politics. >> this is the problem. this is my problem with people who are spending a lot of time, smart people. friends of ours who are spending a lot of time talking about the kooky ideas. you
seven debt ceiling raises. white was just sort of -- everyone understood it would get raised and it was a time to remind people how big the debt was and nobody really took it seriously, press release. it was useful for that. once people started taking it seriously and said we are going to think about not paying the debt it bill absurd and it is -- it is absurd and it needs to be -- needs to go away or congress just needs to understand that that's the only use of it. a coin isn't going to solve...
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Jan 17, 2013
01/13
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FBC
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adam: before we get to the debt ceiling. california overestimated how much tax revenue they would get from the facebook ipo. the overestimated by $600 million. you can hear jerry brown doing a homer simpson. can you trust governments to get the numbers right? the fight over the debt ceiling is in full force. as democratdemocrats propose a o eliminate it completely and the ratings have come out with two scenarios in which it was downgraded the u.s. credit rating. not good news. some republicans are relishing the debt ceiling does indeed have to be raised. joining us now, ihs chief economist and we appreciate you being here. is this fight we are about to have necessary, and what is going to happen to whether it is the global market, 401(k), what will happen to all of us if congress passes this fight? >> this is not a necessary fight. this situation created by congress which sent the debt ceilinfrom years ago in hopes it would impose some discipline but of course it hasn't because it has been raised and raised and raised and no
adam: before we get to the debt ceiling. california overestimated how much tax revenue they would get from the facebook ipo. the overestimated by $600 million. you can hear jerry brown doing a homer simpson. can you trust governments to get the numbers right? the fight over the debt ceiling is in full force. as democratdemocrats propose a o eliminate it completely and the ratings have come out with two scenarios in which it was downgraded the u.s. credit rating. not good news. some republicans...
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ceiling the debt ceiling is a kind of sorry try and quickly before we go because you wanted to mention it europe it's not over in two thousand and thirteen you say there are still issues you're looking at spain why well you know basically spain has five percent in terms of their a yield right now the deposits are coming back to the banks everything's hunky dory but the reality is that spain has a deficit they're going to continue to have to have funding needs they also have their regions that are locked out of the debt market they also have the banks which have housing prices that are falling and so they're going to need more capital and i'm out of time but you're saying this spells sovereign bailout in two thousand thirteen i think it's a spell solvability not just for spain but potentially for italy as well there you go europe is not over it's not out of the woods not even at all thank you edward harrison founder of credit write downs still ahead because bill gross warns investors about lurking inflationary dragons will discuss his advice in today's lease change and might les miserab
ceiling the debt ceiling is a kind of sorry try and quickly before we go because you wanted to mention it europe it's not over in two thousand and thirteen you say there are still issues you're looking at spain why well you know basically spain has five percent in terms of their a yield right now the deposits are coming back to the banks everything's hunky dory but the reality is that spain has a deficit they're going to continue to have to have funding needs they also have their regions that...
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Oct 15, 2013
10/13
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KCSM
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we are heading toward a thursday deadline for raising the debt ceiling, which as our panel explained, with vince in the u.s. and perhaps the whole world into uncharted territory. with us from corpus christi, texas, susan guggenheim of the texas tea party patriots political action committee. jean pierre larochelle, and felipe wachter, as well as douglas herbert from our international affairs desk also joining us in this conversation. on twitter, some of your reactions. if the government is shut down, why are we still paying taxes? a lot of people don't really understand how this partial shutdown works. fixed the thing is that the government is shut down, if there is no budget that is voted by the house and by the senate, and that is signed by the president of the united states. part of the republican party is holding the entire nation and potentially the entire world hostage by refusing to put forward a bill that does not include a repeal of the affordable care act, which is called obama care. i don't like that word, actually. but the affordable care act, and the problems, there are ab
we are heading toward a thursday deadline for raising the debt ceiling, which as our panel explained, with vince in the u.s. and perhaps the whole world into uncharted territory. with us from corpus christi, texas, susan guggenheim of the texas tea party patriots political action committee. jean pierre larochelle, and felipe wachter, as well as douglas herbert from our international affairs desk also joining us in this conversation. on twitter, some of your reactions. if the government is shut...
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Oct 12, 2013
10/13
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if we fool around and screw around the way we are with this debt ceiling, if we breach the debt ceiling, we are sacrificing in a matter of days hundreds of years of what we've built up in that regard. >> elahe, because of that? >> it sounds hyperbolic, but i really mean what i'm saying. >> because of that, paul krugman wrote this week, they are forcing the president into doing something illegal, not protect the full faith and credit of the u.s., or raise the debt ceiling without their approval. when krugman says it, one way or another, the president could simply choose to defy congress and ignore the debt ceiling, wouldn't this also be breaking the law? maybe, maybe not, opinions differ, but not making good on resolutions also break the law. and why not choose the one that hurts america the least? krugman is saying, if you have to, raise that sucker on your own. >> going back to the other point about the deniers, this actually isn't a new sentiment. this goes back to even 2011, there were republicans on the hill saying, well, the debt ceiling not passing, that doesn't mean we're necessa
if we fool around and screw around the way we are with this debt ceiling, if we breach the debt ceiling, we are sacrificing in a matter of days hundreds of years of what we've built up in that regard. >> elahe, because of that? >> it sounds hyperbolic, but i really mean what i'm saying. >> because of that, paul krugman wrote this week, they are forcing the president into doing something illegal, not protect the full faith and credit of the u.s., or raise the debt ceiling...
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Oct 9, 2013
10/13
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. >> eyeing the debt ceiling. >> all about the debt ceiling. all this talk about default. >> it's nonsense. >> demagoguery. false demagoguery. >> when i hear people trying to downplay the conventions of that. >> nonsense. >> a lot of demagoguery. >> irresponsible. >> alternatives are popping up. >> some discussion about my powers under the 14th amendment. that's going to make people nervous. >> very hard to get into sound bites. >> there is no clear way out of this. >> there are no magic bullets here. >> we are now on day eight of the government shutdown. >> day act of the government shutdown. >> our goal wasn't to shut down the government. i don't think we should default on our debt >> we have got to stop repeating this pattern. the american people are tired of it. lord knows i'm tired of it. >>> tonight senate majority leader harry reid introduce aid perfectly reasonable, one sentence bill that would raise the debt ceiling until the end of next year which is a perfectly reasonable time frame for a typical debt ceiling increase in the past. th
. >> eyeing the debt ceiling. >> all about the debt ceiling. all this talk about default. >> it's nonsense. >> demagoguery. false demagoguery. >> when i hear people trying to downplay the conventions of that. >> nonsense. >> a lot of demagoguery. >> irresponsible. >> alternatives are popping up. >> some discussion about my powers under the 14th amendment. that's going to make people nervous. >> very hard to get into sound bites....
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doesn't secure a debt arising of its debt ceiling they'll have to default on its over sixteen and a half trillion dollars of borrowing so you have the rest of the world very wary they're panicking you have the heads of various major financial organizations global financial organizations like the i.m.f. talking about how american legislators need to be responsible but this bickering is ridiculous they need to find a way to get through this to the rest of the world doesn't have to pay for these dire consequences huge economic partners what will happen to them you have protests breaking out especially in the capital here over the weekend a group of truckers came in towards the u.s. capital you had veterans this sunday coming together and coming to memorials so there was thousands of protesters who in fact broke through a barricade on sunday to try to get to world war two monument they were peaceful just chanting slogans like break down these walls singing patriotic songs but yet there were riot police there ready to go to control these veterans and if the u.s. does go ahead and default of c
doesn't secure a debt arising of its debt ceiling they'll have to default on its over sixteen and a half trillion dollars of borrowing so you have the rest of the world very wary they're panicking you have the heads of various major financial organizations global financial organizations like the i.m.f. talking about how american legislators need to be responsible but this bickering is ridiculous they need to find a way to get through this to the rest of the world doesn't have to pay for these...
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Sep 30, 2013
09/13
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CNBC
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. >> debt ceiling, the ceiling, the ceiling. >> the debt ceiling -- >> during that so-called crisis, and shortly there after, even after the downgrade if i may add to melissa's point. long-term traits on u.s. treasury bonds and notes fell. it was the stock market got clobbered mostly abuse of europe. how important is this, austan. i think it would be very important. city one is the shutdown and if there is a shutdown the one effective thing that could come out of it is that right now both sides think that they have got the american people at their back and that the wind is blowing their own sail, so if this shutdown led voters to stop paying no attention and make up their mind which way they want to do it, i think we wouldn't see a crisis on the debt ceiling or on the shutdown. one or the other side will sort it out. right now they just don't know which side they are on. >> just before austan goolsbee made a shocking statement that i want you to follow up on, he said he believes we should not have any debt ceiling, and if you ask me we should have strict spending limits. is this like
. >> debt ceiling, the ceiling, the ceiling. >> the debt ceiling -- >> during that so-called crisis, and shortly there after, even after the downgrade if i may add to melissa's point. long-term traits on u.s. treasury bonds and notes fell. it was the stock market got clobbered mostly abuse of europe. how important is this, austan. i think it would be very important. city one is the shutdown and if there is a shutdown the one effective thing that could come out of it is that...
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Oct 7, 2013
10/13
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view, the debt ceiling, we should look for three things. number one, we should look for some significant structural plan to reduce government spending. number two, we should avoid new taxes. and number three, we should look for ways to mitigate the harms from obama care. since 1978, the debt ceiling has been raised 55 times. >> just so i -- so you think that some facet of the president's health care plan should be attached to an increase in the debt ceiling. >> the debt ceiling historically has been among the best leverage that congress has to reign in the executives. >> so yes? >> yes,yes. >> yes, yes, yes. notice how the list is growing? you can always trust republicans. nothing has been more crystal clear than right now in our history. they don't care about the success this country has made, and they just care about political power. they want that grab. "usa today" reports, interestingly enough, the demand overwhelmed healthcare.gov. the government expected the site to draw 60,000 simultaneous users. instead it was drawing $250,000 users
view, the debt ceiling, we should look for three things. number one, we should look for some significant structural plan to reduce government spending. number two, we should avoid new taxes. and number three, we should look for ways to mitigate the harms from obama care. since 1978, the debt ceiling has been raised 55 times. >> just so i -- so you think that some facet of the president's health care plan should be attached to an increase in the debt ceiling. >> the debt ceiling...
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Oct 12, 2013
10/13
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now, they've decided, please do raise the debt ceiling. they announced they're just fine with raising the debt ceiling because it's still all about obama care for them. so, this is heritage foundation. don't raise the debt ceiling, now, please do. but for them, it's all about obama care. next up in terms of influence, the club for growth. the grover norquist antitax conservative group, they had a change of heart. they used to be all about raising the debt ceiling, but their message has been do not raise the debt ceiling. this week though, the club for growth also announced look away if republicans do decide to raise the debt ceiling, so it's still not about obama care, but now, their new message, we want lots of nonobama care related things, but don't hit the debt ceiling on our account. that was how their message changed this week. now, the coch brothers funded the americans for prosperity group. they want the government shut down. they do not want to raise the debt ceiling. they want none of that. so, for them, it is not particularly abo
now, they've decided, please do raise the debt ceiling. they announced they're just fine with raising the debt ceiling because it's still all about obama care for them. so, this is heritage foundation. don't raise the debt ceiling, now, please do. but for them, it's all about obama care. next up in terms of influence, the club for growth. the grover norquist antitax conservative group, they had a change of heart. they used to be all about raising the debt ceiling, but their message has been do...
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the white house position is congress's duty is to pass the debt ceiling and pass it clean debt ceiling index because basically what the debt ceiling is authorizing the spending for the arra wing that corresponds to the spending that congress approves. republicans want to use that as an opportunity to say look this is a reminder of how much money we are spending and we need to get that spending under control so already you have this debate again, republicans with an exact number of corresponding cuts in the debt ceiling in the white house telling congress to just raise the debt ceiling. that will be the next the next vitamin e look at what treasury has put out, technically the federal government has hit its debt ceiling. what the treasury can do is, treasury does a lot with the reinvesting of certain payments in certain retirement funds. i can hold off many of those reinvestment and use that money for the federal government to spend. $200 billion of debt the treasury can exceed the debt ceiling. normally that takes a couple of months, $200 billion, two months of federal deficit spending
the white house position is congress's duty is to pass the debt ceiling and pass it clean debt ceiling index because basically what the debt ceiling is authorizing the spending for the arra wing that corresponds to the spending that congress approves. republicans want to use that as an opportunity to say look this is a reminder of how much money we are spending and we need to get that spending under control so already you have this debate again, republicans with an exact number of corresponding...
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Sep 24, 2013
09/13
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WTTG
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. >> days after the budget deadline next week is the debt ceiling debt line. if it is not raised the country could falter in their debt leading to worse consequences. >> the i.r.s. official at the center of the tea party scandal is retiring. lois lerner led the department. she was placed on paid leave back in may. she was in charge the agency admitted to targeting tea party groups with extra scrutiny when they applied for tax exempt status. >> baltimore rave and haves player hurt on a stripper bus -- baltimore ravens player hurt on a stripper bus. >> mike shanahan has something to say about yesterday's crushing defeat. >> tonight the fight to keep the latest grand theft auto game out of the hands of young people. >> baltimore beated rye d-- baltimore ravens player was hit in the head with a large champagne bottle. all players were at practice today. ravens coach says he had a talk with them. >> the redskins were off to their worst start in a dozen years. now 0-3 after sunday's loss to the lions at fedex field. sports director sco
. >> days after the budget deadline next week is the debt ceiling debt line. if it is not raised the country could falter in their debt leading to worse consequences. >> the i.r.s. official at the center of the tea party scandal is retiring. lois lerner led the department. she was placed on paid leave back in may. she was in charge the agency admitted to targeting tea party groups with extra scrutiny when they applied for tax exempt status. >> baltimore rave and haves player...
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Oct 7, 2013
10/13
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WMAR
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congress needs to raise the debt ceiling by october 17th. >>> here in maryland. this is the first furlough day for many lockheed-martin company. 500 workers are at the plan in middle river. 3,000 workers around the nation will stay home. for some, because where they work is inside of a federal building and it is closed. others is because the work is tied a federal agency that is shutdown. they are encouraging employees to use paid vacation and sick time. the company says the number of employees can vary from day-to- day depending on what they do. and the length will be a factor. lockheed-martin is one of the biggest suppliers of military equipment in the country. now, is not known how many workers in our area will be affected. once again, furloughs begins today. >>> the supreme court begins today and the docket is crowded with a number of issues. campaign finance, affirmative action, prayer and abortion is on
congress needs to raise the debt ceiling by october 17th. >>> here in maryland. this is the first furlough day for many lockheed-martin company. 500 workers are at the plan in middle river. 3,000 workers around the nation will stay home. for some, because where they work is inside of a federal building and it is closed. others is because the work is tied a federal agency that is shutdown. they are encouraging employees to use paid vacation and sick time. the company says the number of...
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Jan 15, 2013
01/13
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FOXNEWSW
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the debt ceiling is announcing the amount of money the states can borrow. today the president responded to some republicans who say they are willing to shut down the government if the president doesn't back down. ultimately congress makes decisions about whether or not we spend money and keep the government open. if they decide they want to shut down the government in order to get their way they have the votes in the house of representatives to do that. i think that would be a mistake. >> john boehner responded the american people do not support raising the debt ceiling without reducing government spending statement. wendell, a government shut down, is that something that really might happen? neither side is ready to blink yet. he has laid out they are ready to compromise if possible that could lead to a government shut down although probably not right away. president obama suggested right before the u.s. the people at home might be told they have to wait for their money. >> if congressional republicans refuse to pay america's bills on time social security
the debt ceiling is announcing the amount of money the states can borrow. today the president responded to some republicans who say they are willing to shut down the government if the president doesn't back down. ultimately congress makes decisions about whether or not we spend money and keep the government open. if they decide they want to shut down the government in order to get their way they have the votes in the house of representatives to do that. i think that would be a mistake. >>...
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Oct 12, 2013
10/13
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MSNBC
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now, they've decided, please do raise the debt ceiling. they announced they're just fine with raising the debt ceiling because it's still about obama care for them. so, this is heritage foundation. don't raise the debt ceiling, now, please do. but for them, it's all about obama care. next up in terms of influence, the club for growth. the grovr norquist antitax conservative group, they had a change of heart. they used to be all about raising the debt ceiling, but their message has been do not raise the debt ceiling. this week though, the club for growth also announced look away if republicans do decide to raise the debt ceiling, so it's still not about obama care, but now, their new message, we want lots of nonobama care related things, but don't hit the debt ceiling on our account. now, the coch brothers funded the americans for -- they want the government shut down. they do not want to raise the debt ceiling. they want none of that. so, for them, it is not particularly about obama care. it's not really about obama care for them. but they
now, they've decided, please do raise the debt ceiling. they announced they're just fine with raising the debt ceiling because it's still about obama care for them. so, this is heritage foundation. don't raise the debt ceiling, now, please do. but for them, it's all about obama care. next up in terms of influence, the club for growth. the grovr norquist antitax conservative group, they had a change of heart. they used to be all about raising the debt ceiling, but their message has been do not...
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Oct 12, 2013
10/13
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MSNBC
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their message has been do not raise the debt ceiling. this week though, the club for growth also announced look away if republicans do decide to raise the debt ceiling, so it's still not about obama care, but now, their new message, we want lots of nonobama care related things, but don't hit the debt ceiling on our account. now, the coch brothers funded the mirnes for prosperity group. they want the government shutdown. they do not want to raise the debt ceiling. they want none of that. so, for them, it is not particularly about obama care. it's not really about obama care for them. but they are definitely willing to hit the debt ceiling for all the other stuff they want. at least they have stayed the same. they're funded by the coch brothers. they've been funding basically all of the groups that have been demanding a government shutdown. they funded heritage action, afp, all the tea party groups. shut down the government, right? shut down the government, it's all about obama care. they've spent over $2 hundred million in a year. on thes
their message has been do not raise the debt ceiling. this week though, the club for growth also announced look away if republicans do decide to raise the debt ceiling, so it's still not about obama care, but now, their new message, we want lots of nonobama care related things, but don't hit the debt ceiling on our account. now, the coch brothers funded the mirnes for prosperity group. they want the government shutdown. they do not want to raise the debt ceiling. they want none of that. so, for...
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Oct 7, 2013
10/13
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WJLA
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the looming debt ceiling is adding to the crisis. the government is expected to reach that october 17th. there will not be a vote on the bill to boost the borrowing authority without concessions from the penalresident. >> my goal is to have a serious conversation. >> as we get closer, the blame will fall on speaker boehner and the republican party for this upcomingdy zagser. >>> 350,000 defense department employees have been able to go back to work. >>> a spectacular crash in virginia on saturday. and yesterday, a smashup in texas that ended with serious injuries. the texas smashup happened in the final leg in the grand prix of houston. dario franchitti's car went a airborn, throwing the debris into the car. he suffered a concussion, a broken leg if the pileup. 13 race fans were injured. >> one guy came down, bleeding from his head. >> we were in one of the vendor tents over there. some people came over and said, do you have giveaway shirts to give to the people in the stands that got hurt. >> reporter: franchitti, a three-time winne
the looming debt ceiling is adding to the crisis. the government is expected to reach that october 17th. there will not be a vote on the bill to boost the borrowing authority without concessions from the penalresident. >> my goal is to have a serious conversation. >> as we get closer, the blame will fall on speaker boehner and the republican party for this upcomingdy zagser. >>> 350,000 defense department employees have been able to go back to work. >>> a...
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Jan 15, 2013
01/13
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translation, the debt ceiling deal didn't do enough about the debt itself. so keep this in mind when you hear it said,be with great certainty it's the republicans trying to force spending cuts over endangering the nation credit rating. as will rogers quoted once, "it isn'tbe what we don't know that gives us trouble. it's what we know that ain't so." bret? >> bret: the president has effectively turned the messaging around. by saying it's about paying the bills that congress has already passed. the laws that it's already passed. republicans are saying it's about borrowing authority. essentially running up the country's credit card. >> exactly. what the republicans are saying is look, we maxed out the credit card. it's time before we extend any new credit or allow any new credit to do something aboutbe the spending that got us here. that would seem on the surface to be a reasonable argument. but so far, the republicans have not been able to win it. and what tends to happen in the fights when you get all of this late hour melodrama as we have had in the last cou
translation, the debt ceiling deal didn't do enough about the debt itself. so keep this in mind when you hear it said,be with great certainty it's the republicans trying to force spending cuts over endangering the nation credit rating. as will rogers quoted once, "it isn'tbe what we don't know that gives us trouble. it's what we know that ain't so." bret? >> bret: the president has effectively turned the messaging around. by saying it's about paying the bills that congress has...
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May 23, 2013
05/13
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CSPAN2
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the budget contains nothing about the debt ceiling. the budget does not consider the debt ceiling. when all of us were here all night debating the budget, we did not debate the debt ceiling. western here is whether the majority of the senate will be allowed to boost the debt ceiling, a totally different issue onto the budget. and the reason for doing it. it would allow passing a debt ceiling increase with just 50 votes and i think it would be profoundly irresponsible. especially for this body to raise the debt ceiling without getting the economy going, getting the jobs back, without stopping the path we are in bankrupting this country. that is what this is about. i yield the floor. >> senator from utah. >> mountain, i would like to follow. the senator from virginia. we need to have this debate. we need a budget. the american people have been without it for four years. it is because we want this debate and we want this issue debated. in public. we have this concern. in other words, as the senator pointed out just a moment ago, there are a lot of issues that we have asked and debated
the budget contains nothing about the debt ceiling. the budget does not consider the debt ceiling. when all of us were here all night debating the budget, we did not debate the debt ceiling. western here is whether the majority of the senate will be allowed to boost the debt ceiling, a totally different issue onto the budget. and the reason for doing it. it would allow passing a debt ceiling increase with just 50 votes and i think it would be profoundly irresponsible. especially for this body...
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Oct 15, 2013
10/13
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MSNBC
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hitting the debt ceiling would be bad. getting close to the debt ceiling is bad, too. are we close enough already to start worrying about the damage? joining us now is senator sheldon whitehouse of rhode island, a member of the senate budget committee. senator whitehouse, thank you so much for being with us. >> very happy to be with you. >> growing up, my dad always told me close only counts in horseshoes and hand grenades. >> this is the hand grenade version of that. >> oh, i was going to ask, does close also count in debt ceilings? are we already in dangerous territory? >> yeah, it absolutely does. there are two consequences of a default from not raising the debt ceiling. one is if you actually don't do it, and then markets and interest rates adjust in probably unimaginably bad ways. but even when you get close, other countries, bankers, people buying treasury securities look around and think this security doesn't seem quite as secure as it used to. i think i'm going to have to charge a little bit more in order to come in and be a buyer. and because we pay the intere
hitting the debt ceiling would be bad. getting close to the debt ceiling is bad, too. are we close enough already to start worrying about the damage? joining us now is senator sheldon whitehouse of rhode island, a member of the senate budget committee. senator whitehouse, thank you so much for being with us. >> very happy to be with you. >> growing up, my dad always told me close only counts in horseshoes and hand grenades. >> this is the hand grenade version of that. >>...
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83
Oct 10, 2013
10/13
by
ALJAZAM
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crossing the debt ceiling would be catastrophic. senator rack paul says if you don't raise the debt ceiling we balance the budget. ben bernanke says default would be very costly to our economy. the debt ceiling is a very dangerous thin to play with. so these are the voices that have been driving -- >> you are listening to white house press secretary discussing the latest proposal by republicans that might end the debt ceiling crisis perhaps deal or no deal when it comes to the debt crisis. that clock ticking now, the october 17th deadline looming large. return now to mike who is at the white house, mike, you were listening in, are we listening to the talk of a break through or more bricksman ship. >> i have to tell you, i'm a little bit surprised. while with the leading the cav yet they want to see the details. clearly leading the door open to signing a short debt ceiling increased six week weeks is what is n the table. without opening the government first, yes, they want the government shut down to end. but clearly a lot of wiggle
crossing the debt ceiling would be catastrophic. senator rack paul says if you don't raise the debt ceiling we balance the budget. ben bernanke says default would be very costly to our economy. the debt ceiling is a very dangerous thin to play with. so these are the voices that have been driving -- >> you are listening to white house press secretary discussing the latest proposal by republicans that might end the debt ceiling crisis perhaps deal or no deal when it comes to the debt...
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97
Sep 25, 2013
09/13
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CSPAN
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the debt ceiling we are negotiating right now is simply crossing thehe debt ceiling is simply related to decisions we made an prior congresses about bending and tax policy. so, that is what i meant why it is not a relevant discussion in changing the future trajectory. host: dover, delaware, delaware eight university. our c-span bus is out there. britney, good morning to you. caller: good afternoon. my question is, we all know education is a crucial component of american society, especially with the current youth. how would the government shutdown affects student loans disbursed by the government? guest: the government shutdown will have a fairly significant impact on many educational programs. it does not per se affects student loans because it is a specific program but it will affect other important department of education programs. it will have an effect on all of these things that are so important to our economy like education. host: we mentioned that congressman john delaney is the president of the democratic freshmen class in congress. monty writes in on twitter. politicians thin
the debt ceiling we are negotiating right now is simply crossing thehe debt ceiling is simply related to decisions we made an prior congresses about bending and tax policy. so, that is what i meant why it is not a relevant discussion in changing the future trajectory. host: dover, delaware, delaware eight university. our c-span bus is out there. britney, good morning to you. caller: good afternoon. my question is, we all know education is a crucial component of american society, especially with...
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55
Oct 11, 2013
10/13
by
LINKTV
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-- the speaker of the house set markets in motion when he revealed a plan to raise the debt ceiling. >> a temporary increase in the debt ceiling, a way to reopen the way forward for the government. >> one house has chosen to stand its ground. they have hinted the deal may be close. >> the president is happy that cooler heads at least seem to be prevailing in the house, that there at least seems to be a recognition that default is not an option. >> most blame the republicans for the government shutdown which has now lasted for over 10 days. >> morocco's king mohammed vi -- the center-right national rally of independence will replace ministers. they will try to stop some reforms by the imf to shore up morocco's public finances. >> are mining the government who is boss -- >> reminding the government who is boss. king mohammed vi restock his cabinet -- restocked his cabinet with new members. >> it is an important day for us. this year, we are getting our revenge. six new women are in government. >> their main coalition partner was significantly weekend when denver -- when anothertheir ma
-- the speaker of the house set markets in motion when he revealed a plan to raise the debt ceiling. >> a temporary increase in the debt ceiling, a way to reopen the way forward for the government. >> one house has chosen to stand its ground. they have hinted the deal may be close. >> the president is happy that cooler heads at least seem to be prevailing in the house, that there at least seems to be a recognition that default is not an option. >> most blame the...